Futures and Options Market Watch: What does the Futures and Options Market suggest about trade on February 15?
The Nifty 50 put call ratio (PCR) closed at 1.20 for the day.
Nifty saw a long-buildup today, where price jumped by 0.46 per cent and OI increased by 1.95 per cent, as Nifty Bank created a short-covering, soared by 0.96 per cent and OI decreased by 4.2 per cent.
Nifty
Nifty Bank
The Nifty 50 put call ratio (PCR) closed at 1.20 for the day. A PCR above 1 is considered bullish while a PCR below 1 is considered bearish.
Max pain at the end of today's trade for weekly expiry on February 15 stands at 21800.
Call Options Data
In the weekly options data analysis, the 22000 strike emerges as a significant resistance level for the Nifty in the short term, boasting the highest Call open interest at 2,29,955 contracts. This level is crucial for traders to monitor. Subsequently, the 22200 strike holds notable open interest with 1,44,906 contracts, while the 22100 strike follows closely with 1,42,159 contracts.
Observing Call writing activities, there is substantial activity at the 22100 strike, evidenced by the addition of 57,803 contracts. Additionally, the 22000 and 22150 strikes witness meaningful Call writing, accumulating 48,515 and 33,049 contracts, respectively. These levels suggest potential resistance zones.
On the other hand, notable Call unwinding is observed at the 22650 strike, shedding 21,279 contracts. The 21650 and 21700 strikes also experience significant Call unwinding, relinquishing 21,247and 18,477 contracts, respectively. This unwinding could indicate a weakening of resistance at these levels.
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Put Options Data
In the options market for Nifty, notable open interest on the Put side is concentrated at the 21000 strike, making it a crucial support level, evidenced by 1,90,181 contracts. The subsequent significant support areas include the 21600 strike with 1,84,122 contracts and the 21500 strike with 1,77,531 contracts.
There was substantial Put writing at the 21600 strike, where 95,567 contracts were added. Additionally, meaningful Put writing activity was observed at the 21300 and 21800 strikes, contributing 92,463 and 84,763 contracts, respectively.
Conversely, Put unwinding took place at the 20950 strike, witnessing a reduction of 21,228 contracts. The 20800 strike and 21800 strike also experienced Put unwinding, 10,628 and 7,684 contracts, respectively.
Long build-up Stocks
Following scrips were among stocks that had a long build-up. A rise in open interest (OI) and price suggests a concentration of long holdings.
|
SYMBOL
|
PRICE
|
OI
|
PRICE Change
|
OI Change
|
|
HINDPETRO
|
545.00
|
3,57,85,800
|
8.20 per cent
|
9.41 per cent
|
|
BPCL
|
627.10
|
3,59,83,800
|
6.83 per cent
|
11.07 per cent
|
|
IOC
|
184.55
|
17,16,87,750
|
5.28 per cent
|
8.97 per cent
|
|
BHEL
|
224.90
|
10,17,87,000
|
4.97 per cent
|
0.76 per cent
|
|
VEDL
|
283.80
|
10,61,58,800
|
4.78 per cent
|
7.79 per cent
|
Short build-up Stocks
A short build-up was seen in these stocks. An increase in OI along with a fall in price points to a build-up of short positions.
|
SYMBOL
|
PRICE
|
OI
|
PRICE Change
|
OI Change
|
|
GLENMARK
|
797.15
|
1,40,04,100
|
-4.62 per cent
|
9.46 per cent
|
|
NAUKRI
|
5139.00
|
13,17,150
|
-4.17 per cent
|
15.81 per cent
|
|
LTTS
|
5447.95
|
7,91,200
|
-3.51 per cent
|
15.57 per cent
|
|
TECHM
|
1297.15
|
1,28,62,800
|
-2.74 per cent
|
6.86 per cent
|
|
MPHASIS
|
2575.00
|
33,65,175
|
-2.38 per cent
|
7.30 per cent
|
Disclaimer: The article is for informational purposes only and not investment advice.